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Speaker: Dr. Mahmoud Amin El-Gamal

Date: Thursday, December 6, 2012

Time:Membership Social at 7:30Program at 8:00 p.m.

Location: Coastal Georgia Center, 305 Fahm St. (behind the Visitor's Center) Directions and MapAccess: Open to the public and free for members, students and accompanying family members, educators and active military and their dependents. $10.00 charge for non-members.

Dr. Mahmoud Amin El-Gamal

Oil, Dollars, Debt, and Crises studies the causes of the current oil and global financial crisis and shows how America's and the world's growing dependence on oil has created a repeating pattern of banking, currency, and energy-price crises. Unlike other studies on the current financial crisis, which have focused on U.S. indebtedness and American trade and economic policy, Oil, Dollars, Debt, and Crises shows a more complex picture in which transfers of wealth to and from the Middle East result in a perfect storm of global asset and financial market bubbles, increased unrest, terrorism and geopolitical conflicts, and eventually rising costs for energy. Only by addressing long-term energy policy challenges in the West, economic development challenges in the Middle East, and the investment horizons of financial market players can policy makers ameliorate the forces that have been causing repeating global economic crises.

Dr. Mahmoud Amin El-Gamal is a Professor of Economics and Statistics at Rice University. He earned his B.A. and M.A. in Economics at The American University in Cairo, Egypt. He then earned an M.S. in Statistics at Stanford University and a Ph.D. in Economics at Northwestern University. He has worked for the International Monetary Fund as an economist for the West Bank and Gaza and for the U.S. Department of Treasury as a Scholar in Residence on Islamic Finance. He has taught at the University of Rochester, the California Institute of Technology and the University of Wisconsin at Madison.

Dr. El-Gamal has published several books, numerous Journal articles, and he has testified in Congressional hearings.

The Eliza Thompson House is an exquisite 1847 inn located in historic Savannah. Recommended by Conde Nast Johansens and known for superior service, the inn is just a short walk from Savannah’s best-loved historic attractions. Many of our speakers choose to stay at this lovely inn and they are always delighted to have done so.